This business has been pre-approved for an SBA Loan. With 10% cash down ($150,000) to 20% cash down ($300,000) the bank will fiance the balance for 10 years. This freestanding restaurant is located in a high end demographic area in a shopping center on a major thoroughfare and has strong visibility and easy access. It has been in business for almost 25 years and has had a consistent history of strong sales and profits. The restaurant has an open airy feeling with high ceilings, tile floors, a display kitchen, a separate bar area with long bar and outdoor seating area. There are several dining areas that have tables and chairs and booth seating and parts of the dining room can be used for private banquets. There is a full kitchen, prep area, dish washing area, several storage areas, 2 ADA restrooms and an employee restroom and office area. Some of the equipment includes as follows: 20' type 1 hood with fire suppression system, char grill, 2 sets of 10 burners over ovens, fryers, 2 compartment sink, dish washing sink + rinse hose, 2 portable burners, floor model mixer, security system, POS system, walk-in freezer, 2 refrigerator walk-ins, microwave, espresso machine, flat screen TV's, ice machine, freestanding oven and 4 refrigerated prep tables, etc. This is a wonderful opportunity for an owner operator who wants to continue this well known very successful operation.

General Info

  • OrganizationContact For Info
  • EstablishedAlmost 25 years
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating140 inside, 30 outside
  • Square Feet4,725
  • ParkingLarge parking lot
  • LicensesBusiness, ABC Type 47 (Full liquor)
  • Open Hours6 Days Week: Lunch M-F; Dinner M-Sat; Closed Sunday

Lease

  • Rent$16,537 + NNN
  • Expiration5 years
  • Yearly Increase4% every two years / 2% per year
  • Option5 years
  • DepositContact For Info

Financials

  • Monthly Revenue$225,584
  • Monthly Cash Flow$50,000
  • Annual Revenue$2,707,009.00
  • Annual Cash Flow$600,000
  • Payroll$Contact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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